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Non-U.S. Employees Count When Determining Eligibility for Paycheck Protection Plan Loans; Repayment Grace Period Extended to May...

Update May 20, 2020 - In an interim final rule titled “Business Loan Program Temporary Changes; Paycheck Protection Program – Treatment of Entities with Foreign Affiliates”, the SBA confirmed that due to “‘reasonable...more

Non-U.S. Employees Count When Determining Eligibility for Paycheck Protection Plan Loans; Repayment Grace Period Extended to May...

The Small Business Administration (SBA) and U.S. Treasury Department continue to trickle out guidance on the Payment Protection Program. Employees of foreign affiliates - Most significantly, the SBA stated on May 5 in...more

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